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Rite Aid Corporation stock price, RAD
Rite Aid Corporation stock chart:
Rite Aid Corporation close price: 3.95
Stock price forecast:
UP TO +0.25%
Total forecasts: 90
Reached: 5 (5.56%)
Total Win: 0.43 (10.78%)
Showing 1-10 of 625 items.
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Rite Aid Corporation latest news:
U.S. Bank’s Lease Portfolio Jolts Up 35% in 2Q
U.S. Bank saw its auto lease outstandings grow by 34.8% in the second quarter compared to the same time a year prior, and has done so without expanding credit criteria, Terry Dolan, vice chairman and chief financial officer for the bank, said during its Wednesday earnings call. “In the autoRead More
Dick's Sporting Goods launching price match program, closing Chelsea Collective stores
Dick's Sporting Goods Inc. confirmed Tuesday that it is launching a price match program. According to the company's website, to qualify for the "price match guarantee" the item must be the same brand, model and color; the product must be immediately available at a retailer like Macy's Inc. , Amazon.com Inc. , Wal-Mart Stores Inc. or Kohl's Corp. ; and it must meet certain other criteria for eligibility. For example, markdown items aren't included. Dick's also announced that it will be closing its Chelsea Collective stores on August 6. Chelsea Collective was a fitness boutique for women that focused on apparel, shoes and accessories. There were just two stores open for two years. "We opened Chelsea Collective stores as a lab to more thoroughly understand the women's specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment," Dick's said in a statement. Dick's shares closed Tuesday down 2.5%, and are down 30.3% for the year so far. The S&P 500 index is up nearly 10% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Abercrombie & Fitch, Rite Aid Walk into Wednesday’s 52-Week Low Club
General Electric, Rite Aid Slip into Thursday’s 52-Week Low Club
Endo will remove opioid from market, following FDA request
Endo International PLC said on Thursday that it will voluntarily remove the opioid pain medication Opana ER from the market, in response to a Food and Drug Administration request last month. Endo expects an about $20 million pre-tax impairment charge in the second quarter "to write-off the remaining net book value of its Opana ER intangible asset." Opana ER sales amounted to about $160 million last year and nearly $36 million in the first quarter, the company said. Endo also said that it continues to believe in the drug's safety and efficacy when used as intended. Opana ER was reformulated in 2012 to prevent abuse through snorting or injecting. However, the drug was being abused after reformulation via injection, the FDA said in June. Public health consequences of that abuse included a serious outbreak of HIV and Hepatitis C and cases of a harmful blood disorder, the FDA said then. Endo shares declined 2.2% in afternoon trade, compared with a 0.5% decline in the S&P 500 . Shares have declined 1.2% over the last three months, compared with a 2.7% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Exclusive: Dropbox seeks to hire IPO underwriters - sources
(Reuters) - Data-sharing business Dropbox Inc is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest U.S. technology company to go public since Snap Inc , people familiar with the matter said on Friday.
Walgreens abandons Rite Aid bid, will instead buy nearly half of stores
Walgreens abandoned plans to acquire Rite Aid after regulators scrutinized the deal and will instead buy nearly half of the drugstore chain's stores.
Walgreens scraps Rite Aid merger, will instead buy half its stores
(Reuters) - Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion.
Walgreens Boots Alliance scraps plans to buy Rite Aid
Walgreens Boots Alliance says it will buy more than 2,000 Rite Aid stores instead.
Walgreens ends its attempt to buy Rite Aid
Walgreens ends pursuit of Rite Aid buyout, strikes new deal to buy stores and inventory
Fred's stock plunges after deal to buy some Rite Aid stores was terminated
Shares of Fred's Inc. plunged 27% in premarket trade Thursday, after the agreement to buy 865 Rite Aid Corp. was terminated. The agreement was originally announced on Dec. 20, 2016. The termination comes after Rite Aid agreed to sell 2,186 stores to Walgreens Boots Alliance Inc. , which also terminates the companies' merger agreement. Fred's said it will receive a $25 million termination fee. "This is a disappointing outcome; however, the termination of the transaction has no impact on the Company's transformation strategy or our ability to execute," said Chief Executive Michael Bloom. The pharmacy and general merchandise chain's stock selloff puts it on track to open at the lowest level seen since Nov. 16, 2016. The stock had tumbled 34% year to date through Wednesday, while the S&P 500 had gained 9.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-FTC staff to advise blocking Walgreens deal to buy Rite Aid -Capitol Forum
June 9 (Reuters) - The Federal Trade Commission's staff is
prepared to recommend that the agency sue to stop Walgreens
Boots Alliance Inc from buying rival drugstore chain
Rite Aid Corp, policy news company Capitol Forum
reported on Friday.
FTC to advise blocking Walgreens deal to buy Rite Aid - CNBC
June 9 (Reuters) - Regulatory authorities are set to advise
blocking U.S. drugstore chain Walgreens Boots Alliance Inc's
deal to buy smaller rival Rite Aid Corp, CNBC
reported on Friday, citing a report.
Pandora to sell Ticketfly for $200 million
Pandora Media Inc. announced Friday a $200 million deal to sell its Ticketfly business to Eventbrite, which includes $150 million in cash and a $50 million note payable to Pandora. The announcement comes after Sirius XM Holdings Inc. announced a deal to make a $480 million investment in Pandora, through the purchase of Series A preferred stock. Pandora said it expects the Ticketfly deal to close in the third-quarter of 2017. Separately, Pandora affirmed its second-quarter revenue outlook of $360 million to $375 million and its 2017 outlook of $1.50 billion to $1.65 billion. "Pandora is now poised to advance to the next stage of the company's lifecycle," said Pandora Director Tim Leiweke. "We are pleased that the conclusion of our strategic review resulted in a major investment by a world class company like SiriusXM, and with the sale of Ticketfly, we will now redouble our focus on execution supported by a strong balance sheet." The stock surged 3.9% in morning trade, but has tumbled 33% year to date, while the S&P 500 has gained 8.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Exact Sciences stock falls after share offering
Shares of Exact Sciences Corp. fell more than 3% Tuesday after the company said it entered an agreement with Jefferies LLC, Bank of America Merrill Lynch, and Robert W. Baird & Co. to sell 7 million shares of its common stock. The underwriters will also have an option to buy additional shares. The company intends to use the net proceeds of this offering to fund its expansion, including to increase laboratory, manufacturing and customer service capacity, to fund product development efforts, and for general corporate and working capital purposes, it said in a statement. Shares had ended the regular session down 1.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Halozyme shares fall after secondary share offering annoucned
Halozyme Therapeutics Inc. shares fell in the extended session Thursday after the cancer-drug biotech company said it was launching a secondary offering of its stock. Halozyme shares fell 8.9% to $12.90 after hours. The company said it plans to offer $100 million in shares, or about 7.1 million shares based on Thursday's closing price. Underwriters Wells Fargo Securities and Deutsche Bank Securities will get the option for another $15 million in shares to cover overallotments. Halozyme said it will use proceeds to fund cancer-drug development and general corporate purposes. Halozyme has 129.8 million shares outstanding and in 2016 reported a loss of 81 cents a share on revenue of $146.7 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ford, Rite Aid Dip into Tuesday’s 52-Week Low Club
Einhorn's Greenlight shaves position in Apple, adds to GM
David Einhorn's Greenlight Capital reduced its stake in Apple Inc. while increasing its stake in General Motors Co. , according to a Securities and Exchange Commission filing late Monday. Greenlight reported holding 4.2 million shares of Apple, down from about 6.1 million shares in the previous quarter. The firm increased its stake in GM to 55 million shares from about 13 million in the previous quarter. Greenlight also reduced positions in IAC/Interactive Corp. , Rite Aid Corp. , and Time Warner Inc. , while taking new positions in Micron Technology Inc. and Perrigo Co. . Greenlight also increased its stake in Yahoo Inc. and dumped its position of Yelp Inc. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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